Giva to raise Rs 270 Cr debt led by BlackSoil to fund 300-store push by FY26
Omnichannel jewelry startup Giva is closing a Rs 270 crore ($28M) debt round led by BlackSoil at 13.4% interest, with InCred, Stride and Nuvama joining. Capital fuels working capital and expansion from 210 stores across 25 cities to 300+ outlets by FY26. FY25 revenue hit Rs 518 Cr (+89%) against a Rs 72 Cr loss.
Omnichannel jewelry startup Giva is raising Rs 270 crore ($28M) in debt led by BlackSoil, with InCred, Stride and Nuvama participating, to fund working capital and store expansion toward 300+ outlets by FY26.